A notable Nobel --
The economics of information : a model of scientific performance and promise --
The death of "free enterprise" and the power of information economics --
Globalization : the pressing economic issue --
Challenging the international economic order and the panaceas of privatization and deregulation --
Multinational corporations : the major movers in the world economy.

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This is an important book. Anyone who notices a significant disconnect between the overblown rhetoric of big business and government and the reality that we face-like skyrocketing gasoline prices, the loss of middle class America, and increasing burdens on the poor-should read this book. Gerald Houseman clearly and concisely makes the case that Joseph Stiglitz is an important and prescient economist who champions the economics of information and exposed the term "Free Enterprise" as the fraud that justifies the great inequalities that exist in the world. If George Orwell's classic, 1984, troubled you, this book is for you. Houseman discusses the disturbing, Orwellian reality before us and leaves us asking ourselves: Will the great fraud of big business prevail or will truth and justice triumph? -- James Headley, Eastern Washington University Houseman breaks new ground, showing us that Nobel Prize-winner Joseph E. Stiglitz's ideas reach beyond economics. Using Stiglitz's insights, he explains why privatization and deregulation have failed and why free trade has impoverished developing nations. Lucky are we to have Houseman as our guide, as he leads us to the conclusion that the same asymmetry of information that makes markets fail also undermines democracy. Since Reagan, successive U.S. administrations have distorted the truth or kept it hidden from the public. Houseman reminds us that democracy cannot survive on spin. -- Keith Quincy, Eastern Washington University Explores the work of Joseph E. Stiglitz and how he and his colleagues heave helped create a breakthrough in economic theory and the study of globalization. Journal of Economic Literature, June 2009 Professor Joseph Stiglitz is well-respected in the world's less-developed nations, where we know him to be a friend. His insights and contributions need to be well-publicized because he has indeed revolutionized economics and our understanding of it. And Gerald Houseman has done us a great service not only by explaining the work of Stiglitz but by showing us its implications for the world. -- Notrida G. B. Mandica, director, Indonesian Research and Development Institute, Jakarta, IndonesiaMeer lezen...